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TABLE OF CONTENTSHB-1-3550Table of ContentsPage 1PageCHAPTER 1: OVERVIEW . 1-1SECTION 1: INTRODUCTION TO THE FIELD OFFICE HANDBOOK1.1 WELCOME TO THE FIELD OFFICE HANDBOOK1.2 USING THIS HANDBOOKA. Handbook SymbolsB. Citations and Text BoxesC. Attachments and AppendicesD. TerminologySECTION 2: OVERVIEW OF THE DIRECT SINGLE FAMILY HOUSING PROGRAM1-51.3 GOALS OF THE DIRECT SINGLE FAMILY HOUSING PROGRAM1.4 SECTION 502 -- AN OVERVIEWA. Program LoansB. Nonprogram LoansC. Demonstration Programs1.5 SECTION 504 -- AN OVERVIEWA. Section 504 GrantsB. Section 504 Loans1.6 LOAN SERVICING1.7 SECTION 306C WATER AND WASTE DISPOSAL (WWD) GRANTS TOINDIVIDUALSSECTION 3: GENERAL PROGRAM REQUIREMENTS . 1-91.8 CIVIL RIGHTSA. NondiscriminationB. Reasonable Accommodations for Persons with Disabilities1.9 REVIEW AND APPEALSA. Adverse DecisionsB. Procedures and Responsibility [RD Instruction 1900-B 1900.53]C. The ADR CoordinatorD. Agency Representative Responsibilities(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 21.10 AGENCY DECISIONSA. Informal/Administrative ReviewB. Appealable DecisionsC. Non-appealable Decisions1.11 PARTICIPANT RIGHTSA. Informal Administrative ReviewB. MediationC. Appeal1.12 NAD HEARING PREPARATIONA. Pre-hearing ConferenceB. Post-hearing ProcedureC. Timing of Issuance of DeterminationD. Requests for a Director Review1.13 CONFLICT OF INTERESTA. Applicant DisclosureB. Agency Employee DisclosureC. Disposition of REO Properties1.14 OTHER FEDERAL REQUIREMENTSA. Environmental Requirements [7 CFR 3550.5]B. Construction StandardsC. Administrative Requirements1.15 EXCEPTION AUTHORITY [7 CFR 3550.8]ATTACHMENT 1-A: INFORMAL ADMINISTRATIVE REVIEWATTACHMENT 1-B: AN APPEALABLE ADVERSE DECISIONATTACHMENT 1-C: AN ADVERSE DECISION THAT CANNOT BE APPEALEDATTACHMENT 1-D: NOTIFICATION TO APPLICANTS OR BORROWERS OFTHE ASSIGNMENT OF THEIR CASE TO A MEDIATIONSERVICE PROVIDERATTACHMENT 1-E: REQUEST TO A MEDIATION SERVICE PROVIDERATTACHMENT 1-F: ATTACHMENT FOR NOTIFYING CUSTOMERS OFEXPIRATION OF THE 10 DAYS TO SELECT AMEDIATION SERVICE PROVIDERRURAL DEVELOPMENT/USDA OF A CUSTOMERMEDIATION REQUEST TO A MEDIATION SERVICEPROVIDERATTACHMENT 1-G: ATTACHMENT FOR CUSTOMER NOTIFICATION OFUNRESOLVED RESULT OF THE MEDIATION OF THEADVERSE DECISION

HB-1-3550Table of ContentsPage 3CHAPTER 2: OVERVIEW OF SECTION 502 . 2-12.1 INTRODUCTION. . 2-1SECTION 1: TYPES OF LOANS . 2-12.2 OVERVIEW . 2-12.3 INITIAL LOANS2.4 ASSUMED LOANSA. New Rates and Terms AssumptionB. Same Rates and Terms Assumption2.5 SUBSEQUENT LOANS2.6 NONPROGRAM LOANSA. Facilitate Sale By an Existing Agency BorrowerB. Facilitate Sale of Real Estate Owned (REO) PropertySECTION 2: THE DEDICATED LOAN ORIGINATION ANDSERVICING SYSTEM (DLOS) . 2-52.7 DLOS2.8 UNIFI2.9 MORTGAGESERVSECTION 3: OVERVIEW OF LOAN ORIGINATION PROCESS . 2-72.10 APPLICATION PROCESSING2.11 BORROWER ELIGIBILITY2.12 PROPERTY REQUIREMENTS2.13 UNDERWRITING THE LOAN2.14 TAXES, INSURANCE, AND ESCROW2.15 LOAN APPROVAL AND CLOSINGCHAPTER 3: APPLICATION PROCESSING . 3-13.1 INTRODUCTION. . 3-1SECTION 1: PRE-QUALIFICATION . 3-13.2 OVERVIEW . 3-13.3 PROCEDURES FOR PRE-QUALIFICATIONA. Describe the ProgramB. Gathering Basic Eligibility and Financial InformationC. Using UniFi to Calculate the Maximum Loan AmountD. Discussing Pre-Qualification Results(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 4SECTION 2: HOMEOWNER EDUCATION. 3-53.4 HOMEOWNER EDUCATION REQUIREMENTA. State Director Assessment of Homeowner EducationB. Providing Homeownership Education Information to the ApplicantC. Exception ProvisionSECTION 3: APPLICATIONS . 3-83.5 BEGINNING THE APPLICATION PROCESS3.6 APPLICATION RECEIPT AND CASE FILE SETUPA. Missing ItemsB. Case File Setup3.7 COMPLETE APPLICATION3.8 COMPLIANCE WITH OTHER FEDERAL REQUIREMENTSA. Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA)Integrated Mortgage DisclosuresB. Truth in Lending ActC. Fair and Accurate Credit Transaction ActD. Equal Credit Opportunity Act (Regulation B)3.9 WITHDRAWING AND REJECTING APPLICATIONSSECTION 4: SELECTION FOR PROCESSING . 3-153.10 OVERVIEW . 3-153.11 DETERMINING WHETHER FUNDS ARE AVAILABLEA. Regular FundingB. Special Funding3.12 IF FUNDING IS NOT AVAILABLE3.13 SELECTING APPLICATIONS FOR PROCESSINGA. Selection ProceduresB. Processing PrioritiesC. Veteran’s PreferenceD. Notifying Applicants Who Are Selected for Processing3.14 PURGING THE WAITING LIST3.15 VERIFICATIONSA. Types of VerificationsB. Evaluating Verified InformationATTACHMENT 3-A: LOAN APPLICATION PACKAGERSATTACHMENT 3-B: FOLLOW-UP QUESTIONS FOR FORM RD 410-4,UNIFORM RESIDENTIAL LOAN APPLICATIONATTACHMENT 3-C: CASE STUDY - PROCESSING PRIORITIESATTACHMENT 3-D: APPLICANT INFORMATION SHEET - SINGLE FAMILYHOUSINGATTACHMENT 3-E: REQUEST TO REOPEN A REJECTED APPLICATION INMORTGAGESERV

HB-1-3550Table of ContentsPage 5ATTACHMENT 3-F:HOW TO ADDRESS NEGATIVE PRE-QUALIFICATIONRESULTSATTACHMENT 3-G: 502 SINGLE FAMILY HOUSING CHECKLISTATTACHMENT 3-H: CREDIT SCORE DISCLOSUREATTACHMENT 3-I: SETTLEMENT SERVICE PROVIDERS AND MORTGAGELOAN APPLICATION RELATED DISCLOSURESATTACHMENT 3-J: CHECKLIST OF ITEMS TO ACCOMPANY THE UNIFORMRESIDENTIAL LOAN APPLICATIONCHAPTER 4: BORROWER ELIGIBILITY . 4-14.1 OVERVIEW . 4-1SECTION 1: EVALUATING BORROWER INCOME . 4-14.2 OVERVIEW . 4-1A. Key Concepts for Income DeterminationsB. Using UniFi and the Income Worksheet to Compute Income4.3 SOURCES OF INCOMEA. Income Considered for Annual and Repayment IncomeB. Additional Income Considerations for Repayment IncomeC. Income Never Considered for Annual and Repayment IncomeD. Additional Income Never Considered for Annual IncomeE. Verifying Sources and Amounts4.4 CALCULATING ANNUAL AND ADJUSTED INCOMEA. Calculating Annual IncomeB. Calculating Deductions from Annual IncomeC. Dependent DeductionD. Child Care ExpensesE. Elderly Household DeductionF. Deduction for Disability Assistance ExpenseG. Deduction for Medical Expenses (for Elderly Households Only)H. Calculating Repayment IncomeSECTION 2: EVALUATING BORROWER ASSETS . 4-364.5 OVERVIEW OF POLICIES RELATED TO ASSETS . 4-36A. Reporting AssetsB. Verification of AssetsC. Calculating Market and Cash ValueD. Retirement Assets4.6 LIMITATIONS ON ASSETSA. Limitation on Nonretirement AssetsB. Limitation on Retirement AssetsC. Exception to the Asset Limitations(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 64.7 CALCULATING INCOME FROM ASSETS FOR ANNUAL INCOME4.8 CALCULATING INCOME FROM ASSETS FOR REPAYMENT INCOMESECTION 3: CREDIT HISTORY . 4-414.9 OVERVIEW . 4-414.10 CREDIT REQUIREMENTS4.11 CONDUCTING ADDITIONAL CREDIT CHECKSA. Do Not Pay PortalB. Infile Credit Report4.12 CONDUCTING FULL REVIEW OF CREDIT HISTORYA. Tri-Merge Credit ReportB. Fair and Accurate Credit TransactionsC. Other Credit VerificationsD. Non-Purchasing Spouse Credit History4.13 CREDIT HISTORY WORKSHEET4.14 ASSESSING ADVERSE CREDITA. Making ExceptionsB. Reviewing Significant DelinquenciesC. Resolving Collection AccountsSECTION 4: OTHER ELIGIBILITY REQUIREMENTS . 4-584.15 OWNING A DWELLING4.16 ABILITY TO OBTAIN OTHER CREDIT4.17 OCCUPYING THE PROPERTY4.18 LEGAL CAPACITY4.19 SUSPENSION OR DEBARMENT4.20 CITIZENSHIP STATUS4.21 TRUTHFUL APPLICATIONSECTION 5: PROCESSING THE CERTIFICATE OF ELIGIBILITY . 4-614.22 DETERMINING REPAYMENT ABILITYA. The PITI RatioB. The TD RatioC. Determining the Maximum Loan AmountD. Using Market Data to Interpret UniFi Results4.23 RESERVED4.24 OTHER CONSIDERATIONS RELATED TO MAXIMUM LOAN AMOUNTSA. Using Compensating FactorsB. Adding Additional Parties or Cosigners to the NoteC. Payment Shock4.25 ISSUING THE CERTIFICATE OF ELIGIBILITY4.26 APPLICANT ORIENTATIONATTACHMENT 4-A: WORKSHEET FOR COMPUTING INCOMEATTACHMENT 4-B: RESERVED

HB-1-3550Table of ContentsPage 7ATTACHMENT 4-C:REVIEWING A SELF-EMPLOYED APPLICANT’S INCOMEAND DEBT LOADATTACHMENT 4-D:REVIEWING DOCUMENTATION FOR CITIZENSHIPSTATUSCHAPTER 5: PROPERTY REQUIREMENTS . 5-15.1 INTRODUCTION. . 5-1A. Overview of Property Requirements. 5-1B. Key Processing Steps Related to Property RequirementsSECTION 1: SITE REQUIREMENTS . 5-45.2 OVERVIEW . 5-45.3 RURAL AREA DESIGNATIONA. Rural Area DefinitionB. Special ConsiderationsC. Reviewing Rural Area Designations5.4 MODEST SITES5.5 ADEQUATE SITE ACCESS, WATER, AND WASTEWATER SYSTEMSSECTION 2: DWELLING REQUIREMENTS . 5-115.6 MODEST HOUSINGA. Establishing Area Loan Limits Within A StateB. NotificationC. Standard Square Footage ConsiderationD. Prohibited Features5.7 DECENT, SAFE AND SANITARY DWELLINGSA. Existing DwellingsB. New DwellingsC. Survey RequirementsD. Flood-Related RequirementsSECTION 3: ENVIRONMENTAL REQUIREMENTS . 5-165.8 PROTECTION OF ENVIRONMENTAL RESOURCESA. Types of Environmental ReviewsB. Flood Hazard DeterminationC. Responsibility for Environmental ReviewsD. Noise Abatement5.9 MANAGEMENT OF HAZARDOUS SUBSTANCES(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 8SECTION 4: SECURITY REQUIREMENTS . 5-235.10 ACCEPTABLE MORTGAGE5.11 OWNERSHIP REQUIREMENTSA. ResponsibilitiesB. Acceptable Forms of Ownership5.12 EXCEPTIONS TO THE AGENCY’S SECURITY REQUIREMENTSA. Unsecured (Note Only) LoansB. Best Mortgage ObtainableSECTION 5: APPRAISALS . 5-275.13 OVERVIEW . 5-275.14 REQUIREMENTS FOR APPRAISALS5.15 TYPES OF VALUE5.16 APPRAISAL METHODOLOGY5.17 ORDERING APPRAISALSA. When Appraisals Are NeededB. Program ResponsibilitiesC. Required InformationD. Appraisal Disputes5.18 SELECTING AN APPRAISERA. Blanket Purchase AgreementB. Request for Contract Services5.19 WORKING WITH THE APPRAISERA. Post-Award Conference with the AppraiserB. The Statement of Work5.20 APPRAISER RESPONSIBILITIES5.21 REVIEWING APPRAISALSA. Administrative ReviewB. Technical Review5.22 PAYING FOR APPRAISALS5.23 APPRAISALS IN REMOTE RURAL AREAS, ON TRIBAL LANDS, ORWHERE THERE IS A LACK OF CONVENTIONAL MARKET ACTIVITYSECTION 6: MANAGING CONSTRUCTION . 5-355.24 DESIGNA. Disseminating the StandardsB. Review and Approve the Drawings and Specifications5.25 PREPARING FOR CONSTRUCTIONA. Selecting the ContractorB. Pre-Construction Conference

HB-1-3550Table of ContentsPage 9C. Construction ContractD. Department of Labor Notification5.26 CONSTRUCTION PERIODA. Qualified InspectorB. Periodic InspectionsC. Partial PaymentsD. Changes During Construction5.27 CONSTRUCTION CLOSEOUT5.28 SPECIAL SITUATIONSA. Funds Remaining After CompletionB. Construction Work that Cannot be CompletedC. Deceased BorrowersD. Compensation for Construction DefectsATTACHMENT 5-A: RESERVEDATTACHMENT 5-B: SINGLE FAMILY HOUSING SITE CHECKLISTATTACHMENT 5-C: AMENDMENTS TO MORTGAGES WITH LEASEHOLDINTERESTATTACHMENT 5-D: TRANSMITTAL COVER SHEET FOR MAPPING SYSTEMMODIFICATIONATTACHMENT 5-E: ELIGIBILITY SYSTEM MODIFICATION REQUESTPROCESSATTACHMENT 5-F: ELIGIBILITY SYSTEM MODIFICATION WORKFLOWCHAPTER 6: UNDERWRITING THE LOAN . 6-1SECTION 1: OVERVIEW OF THE UNDERWRITING PROCESS . 6-16.1 INTRODUCTION. . 6-16.2 WHAT IS UNDERWRITING?6.3 USING UNIFI TO FACILITATE UNDERWRITINGSECTION 2: LOAN TERMS AND REQUIREMENTS . 6-46.4 ELIGIBLE LOAN PURPOSES AND USESA. Site-Related CostsB. Dwelling-Related CostsC. Fees and Related CostsD. Loan Restrictions6.5 REFINANCINGA. Refinancing Agency DebtB. Refinancing Non-Agency Debt(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 106.6 MAXIMUM LOAN AMOUNTA. Granting ExceptionsB. Special Situations6.7 LOAN-TO-VALUE (LTV) RATIOA. Loans for Existing Dwellings (100% LTV)B. Loans for New Dwellings (90-100% LTV)C. Subsequent Loans for Necessary RepairsD. Subsequent Loans for Closing Costs OnlyE. Refinanced Loan for Existing Agency BorrowerF. Affordable Housing Products6.8 REPAYMENT PERIODSA. Exceptions to the Standard 33-Year Maximum TermB. Effect of Repayment Period on Payment Subsidy6.9 INTEREST RATESA. Note RatesB. Subsidized Rate6.10 USE OF ASSETSA. Asset LimitsB. Exception to the Asset LimitsC. Eligible Uses of AssetsD. Ineligible Uses of AssetsSECTION 3: PAYMENT SUBSIDIES . 6-176.11 AN OVERVIEW OF PAYMENT SUBSIDIES . 6-17A. Three Types of SubsidyB. Applicant EligibilityC. Loan RequirementsD. Annual and Interim ReviewsE. Recapture Requirement6.12 CALCULATING PAYMENT ASSISTANCEA. Payment Assistance Method 2B. Payment Assistance Method 16.13 CALCULATING INTEREST CREDITSECTION 4: UNDERWRITING A LOAN FOR A SPECIFIC PROPERTY . 6-266.14 APPROVING A SPECIFIC PROPERTY

HB-1-3550Table of ContentsPage 116.15 FUNDS AVAILABLE FOR CLOSING6.16 CALCULATING THE APPROVABLE LOAN AMOUNTA. Calculating the Approvable Loan at Standard TermsB. Working with Applicants Who Do Not Qualify Using Standard Terms6.17 APPROVING CREDITATTACHMENT 6-A:ATTACHMENT 6-B:DOCUMENTATION REQUIRED PRIOR TOAPPROVING A LOANLOAN UNDERWRITING REVIEWCHAPTER 7: ESCROW, TAXES, AND INSURANCE . 7-17.1 INTRODUCTION. . 7-1SECTION 1: ESCROW . 7-17.2 OVERVIEW . 7-17.3 ESCROW DEPOSITSA. Monthly PaymentB. Borrower’s Initial Deposit to the Escrow AccountC. Seller’s Tax Liability7.4 CALCULATING ESCROW AMOUNTS7.5 CLOSING7.6 CONSTRUCTION LOANS7.7 SERVICING ESCROW ACCOUNTSSECTION 2: TAXES . 7-77.8 ESTIMATING THE AMOUNT OF TAXES7.9 TAX SERVICE FEE7.10 TAX INFORMATION SHEETSECTION 3: INSURANCE . 7-97.11 OVERVIEW . 7-97.12 TYPES OF INSURANCEA. Hazard InsuranceB. Flood InsuranceC. Builder’s Risk Policies7.13 EVIDENCE OF INSURANCE(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 127.14 AUTHORIZED INSURANCE PROVIDERS7.15 REVIEWING INSURANCE POLICIESATTACHMENT 7-A: CALCULATION OF ESTIMATED TAXES DUE THROUGHCONSTRUCTION PERIOD AND INITIAL ESCROWDEPOSITATTACHMENT 7-B: TAX SERVICE FEEATTACHMENT 7-C: INSURANCE POLICY REQUIREMENTSCHAPTER 8: LOAN APPROVAL AND CLOSING . 8-18.1 INTRODUCTION. . 8-1SECTION 1: LOAN APPROVAL AND OBLIGATION. 8-18.2 THE LENDING DECISIONA. RejectionB. Approval8.3 OBLIGATING FUNDSA. Initial ObligationB. Changing the Loan AmountC. Canceling a LoanSECTION 2: PREPARING FOR CLOSING . 8-58.4 TITLE INSURANCE AND CLOSING AGENTSA. Title InsuranceB. Closing AgentsC. ApprovalsD. Procedures8.5 RESPONSIBILITIES OF THE CLOSING AGENT/ATTORNEY8.6 RESPONSIBILITIES OF THE LOAN ORIGINATORA. Prepare the ApplicantB. Review Title Insurance Binder (or Preliminary Title Opinion) and Other ClosingDocumentsC. Re-verifying Employment and IncomeD. Re-verify EligibilityE. Validate the Interest/Note RateF. Prepare Loan DocumentsSECTION 3: CLOSING . 8-148.7 OBTAINING FUNDS FOR CLOSING8.8 ESTABLISHING THE DISBURSEMENT SCHEDULEA. Permanent LoansB. Construction Loans8.9 ESTABLISHING A REPAYMENT SCHEDULEA. Monthly InstallmentsB. Housing Assistance Program (HAP)

HB-1-3550Table of ContentsPage 138.10 ORIGINAL EQUITY8.11 LOAN CLOSINGA. Loan Closing Document SubmissionB. Review Closing DocumentsC. Activate the LoanD. Record Mortgage or Deed of TrustE. Secure Title Insurance PolicySECTION 4: CONSTRUCTION LOANS . 8-198.12 ADMINISTER CONSTRUCTION FUNDS8.13 CONVERT CONSTRUCTION LOANSA. Modify Note and MortgageServB. Update Payment SubsidyATTACHMENT 8-A: DOCUMENTS TO BE SIGNED OR SUBMITTEDAT LOAN CLOSINGATTACHMENT 8-B: UNLIQUIDATED OBLIGATION REVIEWCHAPTER 9: SPECIAL SITUATIONS . 9-19.1 INTRODUCTION. . 9-1SECTION 1: CONDITIONAL COMMITMENTS . 9-19.2 OVERVIEW OF CONDITIONAL COMMITMENTS . 9-19.3 APPLICATION AND FEE9.4 EVALUATING THE CONDITIONAL COMMITMENT APPLICATION9.5 PRELIMINARY APPROVALA. Ordering an AppraisalB. Site Approval and Responsibility for Environmental ReviewsC. Rejecting the Application for Conditional Commitment9.6 FINAL APPROVALA. Proposed Price Too HighB. Proposed Price Acceptable9.7 DURATION OF COMMITMENT9.8 CHANGES IN PLANS, SPECIFICATIONS, OR COMMITMENT PRICE9.9 PROPERTY INSPECTIONS9.10 BUILDER’S WARRANTY9.11 CONDITIONAL COMMITMENTS INVOLVING PACKAGINGOF APPLICATIONSSECTION 2: SPECIAL FORMS OF OWNERSHIP . 9-89.12 OVERVIEW . 9-89.13 LOANS FOR CONDOMINIUM UNITSA. DefinitionB. Financing Approval(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 14C. Condominium StatusD. Protection of Agency Rights and Lien PositionE. Closing Documents9.14 LOANS FOR UNITS IN A COMMUNITY LAND TRUSTA. DefinitionB. Preservation of Agency Rights and Lien PositionC. Restrictions on Resale PriceD. Right of First RefusalE. Appraisals9.15 PLANNED UNIT DEVELOPMENTSA. DefinitionB. Preservation of Agency Rights and Lien PositionC. Closing DocumentsSECTION 3: MANUFACTURED HOMES . 9-189.16 AUTHORIZED LOAN PURPOSESA. DefinitionB. Authorized Loan PurposesC. Loan Restrictions9.17 DEALER-CONTRACTOR REQUIREMENTS9.18 PROCESSING PROCEDURESA. Submission RequirementsB. Appraisal TechniquesC. Loan Rates and Terms9.19 CONSTRUCTION AND SITE REQUIREMENTS9.20 LOAN CLOSINGA. Contract RequirementsB. Lien Release RequirementsC. Warranty RequirementD. Real Estate Tax RequirementATTACHMENT 9-A:ATTACHMENT 9-B:ATTACHMENT 9-C:SAMPLE COMFORT HEATING AND COOLINGCERTIFICATETHERMAL REQUIREMENTS FOR MANUFACTUREDHOMESCONDOMINIUM QUESTIONNAIRECHAPTER 10: LEVERAGED LOANS . 10-1SECTION 1: UNDERSTANDING LEVERAGED LOANS . 10-110.1 OVERVIEW . 10-1

HB-1-3550Table of ContentsPage 15A. Advantages of Leveraged LoansB. Two Separate Financial Agreements10.2 SOURCE OF LEVERAGED FUNDSA. Market Rate FinancingB. Other Subsidized Financing10.3 KEY DIFFERENCES IN POLICIES AND PROCEDURESA. Eligible Loans and GrantsB. Lien PositionC. Payment Assistance CalculationD. Availability of Mortgage Credit Certificates (MCC)E. Section 8 Housing Choice Vouchers (HCV)F. OriginationG. Servicing10.4 DEVELOPING STATE-BY-STATE APPROACHES TO LEVERAGINGA. Lender OutreachB. Borrower EducationC. Streamlined Processing ProceduresSECTION 2: ORIGINATING LEVERAGED LOANS . 10-910.5 TAKING APPLICATIONS10.6 REFERRING APPLICANTS TO PARTICIPATING LENDERS10.7 DETERMINING APPLICANT ELIGIBILITY10.8 ISSUING THE CERTIFICATE OF ELIGIBILITY10.9 UNDERWRITING LEVERAGED LOANSA. Lender vs. Agency UnderwritingB. Property Requirements and AppraisalC. Loan-to-Value RatioD. Loan Terms and FeesE. Determining Loan AmountF. Agreements with the Participating Lender Regarding Construction10.10 LOAN CLOSINGA. Required DocumentationB. Recording the Lien/Legal DocumentsATTACHMENT 10-A: SAMPLE TOPICS TO BE ADDRESSED INA MEMORANDUM OF UNDERSTANDING(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 16CHAPTER 11: NONPROGRAM LOANS . 11-111.1 INTRODUCTION. . 11-1A. Nonprogram AssumptionsB. Nonprogram Loans to Purchase REO Property11.2 PRE-QUALIFICATION11.3 APPLICATION PROCESSING11.4 ELIGIBILITY11.5 PROPERTY REQUIREMENTS11.6 UNDERWRITING THE LOANA. Down Payment RequirementB. Amount to be FinancedC. Interest RateD. Loan Repayment PeriodE. Repayment Ability11.7 LOAN APPROVAL AND CLOSING11.8 SERVICING NONPROGRAM LOANSATTACHMENT 11-A: SUMMARY OF DIFFERENCES BETWEENPROGRAM LOANS AND NONPROGRAM LOANSCHAPTER 12: SECTION 504 LOANS AND GRANTS. 12-112.1 INTRODUCTION. . 12-112.2 ELIGIBLE PURPOSES FOR 504 FUNDSA. Restrictions on the Use of 504 FundsB. Repairs to Mobile or Manufactured Homes12.3 APPLICATIONS12.4 APPLICANT ELIGIBILITYA. IncomeB. Credit RequirementsC. Asset RequirementsD. Repayment AbilityE. Age for Section 504 GrantsF. Ownership of Property12.5 PROPERTY ELIGIBILITYA. Property RequirementsB. Determining Property Value

C. Construction StandardsD. Environmental Requirements12.6 INTEREST RATE AND LOAN TERM12.7 MAXIMUM LOAN AND GRANT AMOUNTSA. Maximum Loan AmountB. Grant Limits12.8 LOAN APPROVAL AND CLOSINGA. Loan ApprovalB. Security RequirementsC. Loan Closing12.9 GRANT APPROVAL AND DISBURSEMENTA. Grant ApprovalB. Grant Repayment AgreementsC. Documentation of Grants12.10 ESCROW, TAXES, AND INSURANCE12.11 MANAGING REPAIRS AND MINOR REHABILITATIONA. Communicating the StandardsB. Selecting the ContractorC. Pre-Construction ConferenceD. Construction Contract12.12 COMMENCEMENT OF WORKA. Inspecting the WorkB. Periodic Inspections12.13 CLOSEOUT PROCESSA. Funds Remaining After CompletionB. DisbursementC. Cancellation of FundsHB-1-3550Table of ContentsPage 17ATTACHMENT 12-A: SUMMARY OF DIFFERENCES BETWEENSECTION 504 LOANS AND GRANTSATTACHMENT 12-B: DIFFERENCES BETWEEN SECTION 502 ANDSECTION 504 LOANSATTACHMENT 12-C: SECTION 504 LOAN AND GRANT CHECKLISTATTACHMENT 12-D: CHECKLIST FOR EVALUATION OF EXISTINGDWELLINGATTACHMENT 12-E: ITEMS TO ACCOMPANY THE UNIFORM RESIDENTIALLOAN APPLICATIONATTACHMENT 12-F PRE-CONSTRUCTION CONFERENCE(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 18CHAPTER 13: SERVICING AND LIQUIDATION FUNCTIONS . 13-113.1 INTRODUCTION. . 13-113.2 TRANSITION TO NFAOCSECTION 1: WORKING WITH NFAOC . 13-313.3 REGULAR SERVICINGA. Newly-Activated Borrower AccountB. PaymentsC. Approval ActionsD. AppraisalsE. Insurance ClaimsF. Reamortzations and Other Documents Requiring Borrower SignatureG. PayoffsH. Final Payments and SatisfactionsI. Recapture Receivable Accounts13.4 SPECIAL SERVICING ACTIONSA. Borrower CounselingB. Protective AdvancesC. RefinancingD. Subsequent LoansE. BankruptciesF. Missing BorrowersG. Payment Subsidy RenewalsH. Preacceleration Personal Contact13.5 VOLUNTARY SALE13.6 DEBT SETTLEMENT13.7 ADDITIONAL INPUTSECTION 2: BORROWER ACTIONS REQUIRING APPROVAL . 13-1813.8 OVERVIEW . 13-1813.9 GENERAL GUIDELINESA. Reviewing RequestsB. Obtaining an Appraisal and an Environmental ReviewC. Evaluating and Approving the RequestD. Using Proceeds13.10 SUBORDINATIONA. Criteria for SubordinationB. Amount of Subordination

HB-1-3550Table of ContentsPage 1913.11 MINERAL LEASES13.12 PARTIAL RELEASE OF SECURITY13.13 LEASE OF SECURITY PROPERTY13.14 ASSUMPTION OF INDEBTEDNESSA. New Rates and Terms AssumptionsB. Same Rates and Terms AssumptionsC. Agency ApprovalD. Procedural RequirementsE. Releasing a Departing Borrower from Liability13.15 PROTECTIVE ADVANCESA. Advances for Property RepairsB. Advances for Other PurposesSECTION 3: LIQUIDATION . 13-2913.16 OVERVIEW . 13-2913.17 NET RECOVERY VALUEA. Establishing Market ValueB. Environmental ConsiderationsC. Ordering an AppraisalD. Holding PeriodE. Deductions from Market ValueF. Additions to Market Value13.18 BASIC SECURITY LOSS13.19 DEED IN LIEU OF FORECLOSURE13.20 FORECLOSUREA. Making the Acceleration DecisionB. AccelerationC. Review of the Acceleration DecisionD. Initiating Legal ProceedingsE. The Foreclosure SaleATTACHMENT 13-A: REQUEST FOR PAYOFF STATEMENTATTACHMENT 13-B: ACCOUNT ISSUE AND SUGGESTED RESOLUTIONSHEETATTACHMENT 13-C: CURE AND FINANCIAL STATEMENTATTACHMENT 13-D: RUSH FUNDS PROCESSINGCHAPTER 14: (RESERVED) . 14-1(01-23-03) SPECIAL PNRevised (03-15-19) PN 522

HB-1-3550Table of ContentsPage 20CHAPTER 15: MANAGING CUSTODIAL AND REO PROPERTY . 15-115.1 OVERVIEW . 15-1SECTION 1: PROPERTY MANAGEMENT METHODS AND ACTIVITIES. 15-115.2 MANAGEMENT METHODS AND CONTRACTSA. Selecting a Management ContractorB. Management Contract Requirements15.3 TAKING POSSESSIONA. Taking Custodial PossessionB. Acquisition of an REO Property15.4 INSPECTING AND SECURING CUSTODIAL AND REO PROPERTYA. Inspecting and Classifying the PropertyB. Securing Custodial and REO Property15.5 DISPOSITION OF NONSECURITY PROPERTYA. Custodial PropertyB. REO Property15.6 TAXES AND INSURANCEA. TaxesB. Insurance15.7 ENVIRONMENTAL REQUIREMENTSA. Circumstances Necessitating an Environmental AssessmentB. Lease or Management Contract15.8 MANAGEMENT OF HAZARDOUS SUBSTANCES15.9 PHYSICAL MAINTENANCE AND REPAIRA. Vandalism and TheftB. Off-Site Repairs or ImprovementsC. Lead-Based Paint DisclosureSECTION 2: SPECIAL USES . 15-1515.10 LEASING CUSTODIALS AND REOA. Security DepositsB. Costs and Income15.11 SPECIAL USES OF REOA. Transitiona

4.11 CONDUCTING ADDITIONAL CREDIT CHECKS A. Do Not Pay Portal B. Infile Credit Report 4.12 CONDUCTING FULL REVIEW OF CREDIT HISTORY A. Tri-Merge Credit Report B. Fair and Accurate Credit Transactions C. Other Credit Verifications D. Non-Purchasing Spouse Credit History 4.13 CREDIT HISTORY WORKSHEET 4.14 ASSESSING ADVERSE CREDIT A. Making Exceptions

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The TABLE OF CONTENTS will have shifted. If you need to re-insert the TABLE OF CONTENTS, this margin fix will not stay in place. You will have to follow the temporary fix again OR make a permanent fix to the TABLE OF CONTENTS. Permanent fix: Place your cursor at the first entry in the TABLE OF CONTENTS.

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table of contents reviewed early. It is proposed that, in the digital environment, " the table of contents needs to be generated automatically to reflect the dynamic feature of "digital books" and online collections. the table of contents needs to provide an overview to contents of the documents it covers; the overview

Standard Cover Letter of Transmittal Table 1. Identification Table 2. Bidding Process Table 3. Bid Submission and Opening Table 4. Bid Prices (as Read Out) Table 5. Preliminary Examination Table 6. Corrections and Unconditional Discounts Table 7. Exchange Rates Table 8. Currency Conversion (Multiple Currencies) Table 9.

ASTM C 76 specification for reinforced sewer and storm drain pipes. (Only on special requests) inTernaTional & local approVals ISO 9001 registered firm. M.P.W Approval QualiTy assurance Concrete pipe factory has an independent quality control department with a well equipped laboratory, aided by experienced staff to give the necessary backup for the quality assurance program .